Own at MICA for Less Than You Think--and Nothing Down!*
The best value in urban living is well within reach. In fact, it's right here at MICA. Now you can own a sunny, spacious one-bedroom MICA condominium for only $1,315.20** a month--with NO down payment. It sure beats renting!
Base Price $304,900
First Mortgage $762.25
Other Financing $374.71
Real Estate Taxes $254.08
Condo Fee $392
Estimated Monthly Tax Savings ($500)
Total Monthly Payment $1,315.20**
**Terms and Conditions: Based on a sales price of $304,900; no down payment required. First-year payment quoted based on interest-only first trust for 60 months with a 2/1 temporary buydown off the note rate of 5.75%: first year, $762.25; second year, $965.52; years 3-5, $1168.78; interest-only second trust, $374.71 (note rate of 7.375%); property taxes, $254.08; condo fee, $392.00; total monthly payment for first year, $1,783.04; estimated monthly tax savings, $500.00; net monthly payment after tax savings, $1,315.20. Net monthly tax savings based on a 28% tax bracket. First trust APR, 8.356%. Limited offer, valid only for qualified buyers purchasing a primary residence. Prices, taxes and terms subject to change without notice. Please see sales manager or on-site loan officer for details.